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| Barclays Bank PLC opens branch in Ahmednagar | | First international bank to enter city |
| Announcement / Banking Jul 24, 2009, 18:58 IST |
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Barclays Bank PLC, today, inaugurated its first branch in Ahmednagar in Maharashtra. The branch was inaugurated by Mani Subramanian, Chief Executive Officer – India, Barclays Bank Plc and Ram Gopal, Interim Managing Director – India, Barclays Global Retail & Commercial Bank. Barclays Bank is the first multinational bank to open its doors and offer customers a complete range of products and services in Ahmednagar.
The new branch is located at Plot # P-156/157, MIDC Nagapura, Ahmednagar – 414001, in the city’s commercial centre near MIDC Nagapura.
Speaking on the occasion, Ram Gopal, Interim Managing Director, Barclays GRCB India said, “I am delighted to inaugurate our branch in Ahmednagar. Ahmednagar is home to some of the finest organizations in the SME sector and shows promise of becoming a hub for enterprising entrepreneurs. We are glad to be able to offer discerning customers in the retail and commercial segments a bouquet of products and services that are in sync with their needs.”
Ahmednagar’s large industrial belt encompasses companies that are leaders in pharmaceuticals, sugar and milk factories, as well as manufacturers of various engineering goods. Barclays will cater to the needs of leading players in these sectors and also service the needs of a diverse range of retail customers including professionals, salaried individuals as well as entrepreneurs.
With this launch, Barclays Bank PLC now has six branches across the country (Mumbai, New Delhi, Junagadh near Rajkot, Kanchipuram near Chennai and Nelamangala near Begaluru) and 13 ATMs (including Ahmednagar). Barclays Plc also launched Barclays Finance, a non banking finance company in March 2008, to bolster its footprint in the country by offering a host of products and services. Barclays Finance currently has over 110 distribution points through its network of branches across the country.
Barclays GRCB business has built a strong franchise in India over the past two and a half years with over 900,000 clients and customers. Barclays continues to be committed to India through its six Barclays entities including Global Retail and Commercial Banking, Barclays Capital, Barclays Wealth and specialist technology and BPO centres of excellence. India is one of the leading markets for Barclays Plc. Barclays has over the past two years invested over GBP 240 million to grow its GRCB businesses in the country. The entities currently employ over 5000 people across the country.
About Barclays Global Retail and Commercial Banking (GRCB):
Barclays Global Retail and Commercial Banking (GRCB) encompass all of Barclay’s retail and commercial banking businesses around the world. Operating in more than 50 countries and employing more than 107,000 people, Barclays GRCB comprises UK Retail Banking, Barclays Commercial Bank, Barclaycard, Absa (Barclays Bank PLC owns 58,8% of Absa Group Limited), GRCB Emerging Markets and GRCB Western Europe. Barclays GRCB serves millions of customers and clients around the globe through a network of more than 4,050 branches and sales centres, and more than 12,600 ATMs.
To find out more about the individual Barclays GRCB businesses, please visit our website: www.barclays.com
About Barclays:
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 150,000 people.
Barclays moves, lends, invests and protects money for over 42 million customers and clients worldwide.
For further information about Barclays, please visit our website www.barclays.com
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